Empty shops in the town centre

[booboos]

I was seriously thinking of starting up in business in The town centre and have been looking at empty retail units. I thought to myself, with the amount of empty shops there are at the moment, surely there must be some bargains to be had - how wrong was I? I was looking for quite a largish shop so looked into possibly renting the old Bargain Store on Main Street. How much are they looking for? £1200 per calendar month!! how on earth is that justified and how can we fill empty retail units when people are looking for silly amounts of money?
Views?

[EMDEE]

Aye, no wonder shops are empty.

[muppetanimal]

Unrealistic pricing for this town.
£1,200 per month is £14,400 a year. On a FRI lease you will have to add in the cost of buildings insurance before you consider any of the other costs involved, and considering the condition of the fabric of town centre buildings make sure that you are not liable for the "landlords share" if these expenses come along.

In the current economic climate I would personally advise anyone to rethink their plans if they believe that the retail trade has a bright and prosperous future. You would need one helluva product line to be successful in this day and age.

By the way, 15-17 Main Street sold for £15,000 back in March 2002.

[Hume]

Unrealistic pricing for this town.
£1,200 per month is £14,400 a year. On a FRI lease you will have to add in the cost of buildings insurance before you consider any of the other costs involved, and considering the condition of the fabric of town centre buildings make sure that you are not liable for the "landlords share" if these expenses come along.

In the current economic climate I would personally advise anyone to rethink their plans if they believe that the retail trade has a bright and prosperous future. You would need one helluva product line to be successful in this day and age.

By the way, 15-17 Main Street sold for £15,000 back in March 2002.

A 96% yield, that's about 3 times the yield on Greek Bonds.

[smiles]

That's outrageous and advertised here with Argyll Property.

http://www.argyll-property.com/Schedule ... refno=1158

Insurance, rates, water and electricity on top of this too? Bonkers, are Argyll Property taking the mick?

[muppetanimal]

That's outrageous and advertised here with Argyll Property.

Might help if they had the address right, 11 Main Street being the location
of the flats above the shops.